Kate Shillo, Director at Galvanize Ventures, explains the capabilities and value proposition of conversational AI platform Message.ai.
0:00 / 0:22exact quote · 22.1s
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“This technology will, through artificial intelligence, will allow those companies to be able to communicate on those platforms using, ah, transactional cards, which will be really exciting. So you could actually transact right there in Twitter and Facebook Messenger instead of trying to go onto the app that that company has built and the customer service is slow.”
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More from Kate Shillo
Disclosure
Shillo: Galvanize's $10.2M fund writes $100K checks and skips follow-ons
“We're no longer doing follow-ons because it doesn't make sense for the size of our fund, which is 10.2 million dollars, and our initial checks are about a 100,000.”
Kate ShilloJan 13, 2016▶ 23:4320 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures
AssertionContradicted
Shillo: VCs refused to invest in digital content startups in late 2000s
“No VC would touch content at the time.”
Kate ShilloJan 13, 2016▶ 9:1820 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures
AssertionNot checkable as stated
Shillo: NYC tech thrives by connecting legacy industries with new startups
“And that was the whole push that we're now seeing, is that the New York market Is really working, you know, the older industry is really working with the new industry of consumer and e-commerce and content companies that are coming out of the startup world.”
Kate ShilloJan 13, 2016▶ 10:4320 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures
Insight
Shillo: Female VCs collaborate on deals significantly more than in the past
“Yeah, but I will say just one thing I've noticed between when I started doing this six or seven years ago till now, is that I'm seeing female VCs start to collaborate quite a bit on deals with each other, which is rad. I'm so psyched about that.”
Kate ShilloJan 13, 2016▶ 16:2420 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures
Insight
Shillo: Hardware crowdfunding is primarily for advertising, not raising capital
“I don't think we think of it in terms of crowdfunding. I often think of crowdfunding as a bit of advertising. I mean, it's great to have that money, but chances are they probably raised around a seed round before that. So it's more about validating the custome…”
Kate ShilloJan 13, 2016▶ 21:3220 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures
Insight
Shillo: Series A VCs will not invest in hardware before products ship
“I find as I'm an investor, a seed investor in a lot of these and talking to later stage investors, Their hurdle is shipping. If you haven't shipped your product and you can't talk about metric and how customers are engaging with your product, you're, they don'…”
Kate ShilloJan 13, 2016▶ 21:5220 VC: Investing in Hardware and The Future of IOT with Kate Shillo, Director @ Galvanize Ventures
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